Morosani Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ASHEVILLE, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 65 grants totaling $72K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.2M
+3.7% YoY
Annual Giving
$72K
+34.0% YoY
Grant Count
65
+10.2% YoY
Avg Grant Size
$1K
+21.6% YoY
Under IRS private-foundation payout rules, Morosani Foundation reported a distributable amount of $21K for 2024 — the minimum it must pay out in qualifying distributions.
About Morosani Foundation
Based on IRS filings
Morosani Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ASHEVILLE, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 65 grants totaling $72K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,237,497 | $1,193,121 | $1,169,271 |
| Revenue | $333,550 | $235,340 | $383,198 |
| Expenses | $283,551 | $203,015 | $263,654 |
| Qualifying Distributions | $71,602 | $53,443 | $164,110 |
| Net Investment Income | — | $40,841 | $47,151 |
| Distributable Amount | $20,946 | $17,905 | $15,089 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
221 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Rollins College ($23,750), Magical Moments Foundation ($5,000), Proctor Academy ($4,500).
| Recipient | Purpose | Amount |
|---|---|---|
| JOEL OSTEEN MINISTRIES HOUSTN, TX | CONTRIBUTION | $1,000 |
| WESTERN CAROLINA RESCUE MINISTRY ASHEVILLE, NC | CONTRIBUTION | $2,060 |
| PROCTOR ACADEMY ANDOVER, NH | CONTRIBUTION | $4,500 |
| FOXCROFT SCHOOL MIDDLEBURG, VA | CONTRIBUTION | $500 |
| ASHEVILLE HUMANE SOCIETY ASHEVILLE, NC | CONTRIBUTION | $900 |
| MANNA FOOD BANK ASHEVILLE, NC | CONTRIBUTION | $500 |
| RIVERLINK ASHEVILLE, NC | CONTRIBUTION | $250 |
| PISGAH LEGAL SERVICES ASHEVILLE, NC | CONTRIBUTION | $2,091 |
| HELPMATE ASHEVILLE, NC | CONTRIBUTION | $3,500 |
| AMERICAN RED CROSS ASHEVILLE, NC | CONTRIBUTION | $525 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CANDI PEARSON | Secretary | — | — |
| TAMORA CLONTZ | Director | — | — |
| HAL THOMPSON | President & CEO | — | — |
| AIMEE MERRILL | Director | — | — |
| DANIEL MERRILL | Director | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Morosani Foundation?
Morosani Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ASHEVILLE, NC. It holds $1.2M in total assets as of 2024.
How large is Morosani Foundation?
As of 2024, Morosani Foundation holds $1.2M in total assets with $334K in annual revenue. It awarded 65 grants totaling $72K in 2024.
Where does Morosani Foundation operate?
Morosani Foundation has awarded grants in California, Connecticut, District of Columbia, Florida, Georgia, Illinois, Kansas, Maryland, Minnesota, Missouri, North Carolina, New Hampshire, New York, Ohio, South Carolina, South Dakota, Tennessee, Texas, Virginia, West Virginia.
What size grants does Morosani Foundation award?
In 2024, Morosani Foundation awarded 65 grants totaling $72K — an average of about $1K per grant, based on its IRS Form 990 filings.
How much is Morosani Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Morosani Foundation reported a distributable amount of $21K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Morosani Foundation's EIN?
Morosani Foundation's EIN (Employer Identification Number) is 82-3813375. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Morosani Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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